Wat is the journal entry for credit sales with vat
Answers were Sorted based on User's Feedback
Answer / saurabh kumar
SAURABH A/C DR
TO SALES A/C
TO OUTPUT VAT A/C
| Is This Answer Correct ? | 29 Yes | 0 No |
Answer / santosh kumar
Party A/c Dr
To Sales A/c
To Output Vat A/c
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sandip
Parties A/c Dr,
To Sales A/c Cr
To Output VAT A/c Cr
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / ge the maestro
Dr Debtors control(SFP)
Cr Sales(P/L)
Cr Output vat account(SFP)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ganesh
ACCOUNT RECEIVABLE A/C DR >< >< ><
TO OUTPUT VAT AC CR. >< >< ><
TO SALE A/C CR. >< >< ><
| Is This Answer Correct ? | 0 Yes | 0 No |
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